Prediction Primer Open Polymarket

Polymarket in Cyprus

Accessible: not geoblocked and no NBA action against Polymarket found.

Polymarket statusNot geoblocked by Polymarket
National positionGrey area: no specific rule
RegulatorNational Betting Authority (NBA); Cyprus Securities and Exchange Commission (CySEC)
Last reviewed23 October 2026

The legal situation in Cyprus

Polymarket does not geoblock Cyprus, and no NBA action naming it was found. The Betting Law 37(I)/2019 allows licensed online sports betting but bans online casino games, and the NBA has blocklisted unlicensed sites since 2013, when it first listed 270. The law covers sports and events of human skill but does not specifically address prediction markets. CySEC authorises crypto providers under MiCA.

Key facts

  • Betting Law 37(I)/2019 replaced the 2012 law; online casino games remain prohibited.
  • Feb 2013: Cyprus issued its first blacklist of 270 unlicensed gambling sites.
  • CySEC supervises crypto-asset service providers under MiCA.
  • From 1 Jan 2026, individual crypto disposal profits are taxed at a flat 8%.
  • No Polymarket-specific action found.

Getting started in Cyprus

Polymarket does not geoblock this country, but that is not the same as a local licence. Check the national position above, then follow our guides to sign up, deposit and place a trade. Profits may be taxable locally; keep records of every trade.

Sources

General information, not legal advice. Check the regulator's own website before acting.

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Frequently asked questions

Is Polymarket legal in Cyprus?

Accessible: not geoblocked and no NBA action against Polymarket found.

Can I use a VPN for Polymarket in Cyprus?

No. Using a VPN to reach Polymarket from a restricted location breaks its terms of service and can lead to frozen accounts. It may also break local law.